CPPGROUP PLC CPP Group
Investor Factsheet | March 2021
CPP Group operates a well-balanced product portfolio across a number of established markets, but with one shared purpose - to reduce disruptions to everyday life through the creation and management of insurance and assistance products and services.
What we oer
…to our business partners
Source, create, distribute and manage a broad range of insurance and assistance related products and services that enrich the value of their core product lines.
…to our 11m customers
Products that remove hassle and provide convenience, reassurance and control when customers lose cards, personal details and keys or when appliances, phones and electronic devices break.
Financial highlights
Revenue | Revenue | EBITDA |
from Ongoing Operations |
£141.1m | £130.1m | £7.2m | ||||||||||||
+2% | +5% | +32% | ||||||||||||
20 | £141.1m | 20 | £130.1m | 20 | £7.2m | |||||||||
19 | £138.4m | 19 | £123.9m | 19 | £5.4m | |||||||||
18 | £110.1m | 18 | £91.3m | 18 | £3.9m | |||||||||
Profit before tax | Net funds | |||||||||||||
£2.0m | £15.3m | |||||||||||||
+78% | +3% | |||||||||||||
20 | £2.0m | 20 | £15.3m |
19 | £1.1m | 19 | £14.9m |
18 | £0.3m | 18 | £26.0m |
Reinstated dividend 25.0p per share
First dividend to be paid since 2011
Investment case
A growing customer base with 11.7m live policies and access to 200m potential customers
Further growth and margin enhancement opportunities exist in our main market - India
Effective tax rate will reduce in 2021 and 2022 as it moves to normalised levels in the medium term
Global business partners for whom we create ancillary products that drive customer loyalty and additional revenue streams
Increasing cash generation from our growth markets and well managed back books
A robust balance sheet supporting our reinstated dividend commitment
A well-balanced product portfolio
Group revenue
£141.1m
Card Protection £52.0m -4%
Provides emergency support if cards, keys and phones are lost or stolen.
Device & Payments Insurance £33.8m +26%
Phone insurance, mobile payment insurance and virus protection.
Health & Wellbeing £22.5m +71%
Health check assessments, online doctor consultations and discounted medical, pharmacy and dentistry services.
Cyber & Identity £5.3m +3%
Personal and SME identity and cyber risks protection.
Extended Warranty £17.2m -32%
Comprehensive support for appliances through regular services, repairs and protection.
Other £10.3m +50%
Market specific products such as travel disruption cover, business process managementservices and auto cover.
Quarterly Performance1
41%
15%
2%
Q1 | Q2 | Q3 | Q4 |
(26%) |
1 Year-on-year revenue growth on a constant currency basis
EBITDA margin
3.7% | 4.1% | 9.5% | 13.3% | 4.1% | 5.6% | 20.6% | 15.9% | 5.3% | 7.1% | 22.9% | 23.7% |
2018 | 2019 | 2020 |
Group2 India EU Hub Turkey
2 Group EBITDA margin excluding share of loss of joint venture
Where we are
UK & EU Hub
The UK is our longest-standing market and continues to innovate through repurposing as an MGA. The UK and our European markets operate well-established Card and Identity Protection books of business with a focus on driving value through product enhancements and high quality customer service.
Turkey
A strong multi-partner,multi-product business with a growing reputation for local partner innovation and cyber protection products - helping us to win new contracts in 2020 and deliver a strong trading performance.
Partnerships
We are a trusted and low complexity option for partners to drive innovation and additional revenue
>60
business partners
Our products are integrated into the point of sale of partners' core products improving relevance and reach.
Other markets | Asia |
India is the Group's largest and fastest growingbusiness. The market | |
We operate a smaller | |
offers organic growth through existing partnerships, maximising | |
business in Mexico | |
business process management opportunities through Globiva and | |
focused on card and | |
adjacent market expansion into Bangladesh. Our operation in China is | |
identity products. | |
focusing on solutions tailored to the health and travel market. | |
Proven track record of growing long term partnerships with major brands in our local markets, providing access to
200m
potential customers
Shareholder information
Leadership team | Major shareholdings | Contact details: | |||||||
Nominated adviser: | |||||||||
Liberum Capital Limited (020 3100 2000) | |||||||||
Financial media consultants: | |||||||||
0 | 100 | Alma PR (020 3405 0205) | |||||||
Mr Hamish Ogston Interests 41.2% | Website: | ||||||||
international.cppgroup.com | |||||||||
Phoenix Asset Management 36.3% | |||||||||
Email: | |||||||||
David Morrison | Jason Walsh | Oliver Laird | Schroders Plc 10.0% | ||||||
investor.relations@cppgroup.com | |||||||||
Chairman | Chief Executive Office | Chief Financial Officer | |||||||
Others 12.5% |
Attachments
- Original document
- Permalink
Disclaimer
CPP Group plc published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 14:06:02 UTC.
